Aug 31 (Reuters) - Canada’s main stock index was set to open higher on Thursday ahead of gross domestic product data for the second quarter, which is likely to show an expansion of 3.7 percent on an annualized basis.
September futures on the S&P TSX index were up 0.33 percent at 7:15 a.m. ET.
Canada’s main stock index touched a more than two-week high on Wednesday, bolstered in part by National Bank of Canada and upbeat sentiment about Canadian economic growth.
Dow Jones Industrial Average e-mini futures were up 0.3 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.29 percent and Nasdaq 100 e-mini futures were up 0.25 percent.
Toronto-Dominion Bank reported second-quarter results which were ahead of expectations driven by strong performances of its retail businesses in Canada and the United States.
Auto supplier Magna International Inc said it is developing a system automakers can use to enable vehicles to drive themselves without requiring bulky rooftop sensors or other compromises to vehicle styling.
BBVA said it was looking at the possible sale of its retail bank in Chile after Canada’s Bank of Nova Scotia expressed an interest in buying up to 100 percent.
ANALYST RESEARCH HIGHLIGHTS
First Quantum Minerals Ltd: Jefferies raises price target to C$23 from C$16
Transat AT Inc: Desjardins raises price target to C$14 from C$9
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1306.3; -0.14 percent
US crude: $46.17; +0.46 percent
Brent crude: $51.06; +0.39 percent
LME 3-month copper: $6832.5; +0.94 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Personal consumption real mm for July: Prior 0.0 pct
0830 Personal income mm fro July: Expected 0.3 pct; Prior 0.0 pct
0830 Consumption, adjusted mm for July: Expected 0.4 pct; Prior 0.1 pct
0830 Core PCE price index mm for July: Expected 0.1 pct; Prior 0.1 pct
0830 Core PCE price index yy for July: Prior 1.5 pct
0830 PCE price index mm for July: Prior 0.0 pct
0830 PCE price index yy for July: Prior 1.4 pct
0830 Initial jobless claims: Expected 237,000; Prior 234,000
0830 Jobless claims 4-week average: Prior 237,750
0830 Continued jobless claims: Expected 1.950 mln; Prior 1.954 mln
0900 Dallas fed PCE for July: Prior 1.3 pct
0945 Chicago PMI for Aug: Expected 58.5; Prior 58.9
1000 Pending Homes Index for July: Prior 110.2
1000 Pending sales change mm for July: Expected 0.5 pct; Prior 1.5 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.26) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Shounak Dasgupta)
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